U.S. Renters may be able to temporarily block eviction using the CDC Form
The CDC has temporarily banned evictions across the U.S. for tenants who can’t afford to pay their rent due to the pandemic.
Debt Solutions
Beware of Misleading Debt Elimination Schemes and Scammers
Using a debt elimination firm could cause you to end up with a bad credit score, tax lien, foreclosure, or a debt collector at your heels.
Can collection agencies keep updating credit reports
Has re-aging occurred when a collection agency updates credit reports. Probably not. Collection agencies can update the date of last activity, date reported, and open date but the date the account must be removed from credit reports should not change.
5 Dangers when using a Debt Settlement Company
While getting out of debt sounds great, consumers using debt settlement companies often fail to realize the dangers. You may be able to reduce your debt but the negative impact on your credit scores may not be worth it.
Double Whammy of a Charge-Off and a Collection Account Reporting
When you’re struggling with debt, you may want to zone out…Don’t do it! Unpaid debt just doesn’t disappear. Not dealing with debt can turn into a charge-off and collection account which can be a double whammy on your credit reports.
Can you go to jail for not repaying a payday loan
I got an interesting question from a consumer in 2014… Read More »Can you go to jail for not repaying a payday loan
Can landlord send move-out debt to collection agency without notification
The dreaded move-out date arrives and the one thing on your mind is the security deposit. What happens when you don’t get the security deposit back plus the landlord sends a balance to a collection agency that reports it on your credit files.
Can a collection agency pursue a debt older than 7 years?
Even though a collection agency cannot report a negative account beyond 7 years, they can still pursue you for an unpaid debt.
Should you file Bankruptcy or enroll in a Debt Management Plan?
Overwhelming debt is stressful but should you file bankruptcy or enroll in a debt management plan. Both options can provide relief but have a different impacts on your credit scores.
Medical collection debt can be removed from credit reports
If your insurance company pays a medical collection debt that’s on your credit reports, you can have the medical collection accounts removed from your credit reports under the National Consumer Assistance Plan (NCAP) initiative.
